Earlier in March, ICI president and chief executive Paul Schott Stevens urged fundsters to raise their voice
on a number of regulatory debates affecting the industry.
Now may the opportunity to do just that.
Some major developments are looming on the regulatory horizon upon which fund executives may want to give their input.
For example, the Wall Street Journal
reports that the Financial Stability Oversight Council will hold a conference on May 19th to debate asset managers need stricter oversight
In the article, members of the council said that they wanted to hear from the industry as well as other interest groups during the event.
It's not the first time regulators issued an invite to the industry for input. During the March ICI Conference in Orlando, Norm Champ, head of the SEC's Division of Investment Management, also urged fundsters to reach out to the agency so regulators
Apparently, fundster input does get heard.
For example, Bloomberg
reports that the SEC is mulling a suggested exemption in money market fund reforms to retail products
. To be sure, according to InvestmentNews
, the proposal won't please everyone
, but it does seem to be start.
Who knows what else regulators may consider if you reach out to them?
Apparently, they are listening.
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